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April 9, 2014

Jonathan Tobin: Why Did Kerry Lie About Israeli Blame?

Samuel G. Freedman: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Jessica Ivins: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Kim Giles: Asking for help is not weakness

Kathy Kristof and Barbara Hoch Marcus: 7 Great Growth Israeli Stocks

Matthew Mientka: How Beans, Peas, And Chickpeas Cleanse Bad Cholesterol and Lowers Risk of Heart Disease

Sabrina Bachai: 5 At-Home Treatments For Headaches

The Kosher Gourmet by Daniel Neman Have yourself a matzo ball: The secrets bubby never told you and recipes she could have never imagined

April 8, 2014

Lori Nawyn: At Your Wit's End and Back: Finding Peace

Susan B. Garland and Rachel L. Sheedy: Strategies Married Couples Can Use to Boost Benefits

David Muhlbaum: Smart Tax Deductions Non-Itemizers Can Claim

Jill Weisenberger, M.S., R.D.N., C.D.E : Before You Lose Your Mental Edge

Dana Dovey: Coffee Drinkers Rejoice! Your Cup Of Joe Can Prevent Death From Liver Disease

Chris Weller: Electric 'Thinking Cap' Puts Your Brain Power Into High Gear

The Kosher Gourmet by Marlene Parrish A gift of hazelnuts keeps giving --- for a variety of nutty recipes: Entree, side, soup, dessert

April 4, 2014

Rabbi David Gutterman: The Word for Nothing Means Everything

Charles Krauthammer: Kerry's folly, Chapter 3

Amy Peterson: A life of love: How to build lasting relationships with your children

John Ericson: Older Women: Save Your Heart, Prevent Stroke Don't Drink Diet

John Ericson: Why 50 million Americans will still have spring allergies after taking meds

Cameron Huddleston: Best and Worst Buys of April 2014

Stacy Rapacon: Great Mutual Funds for Young Investors

Sarah Boesveld: Teacher keeps promise to mail thousands of former students letters written by their past selves

The Kosher Gourmet by Sharon Thompson Anyone can make a salad, you say. But can they make a great salad? (SECRETS, TESTED TECHNIQUES + 4 RECIPES, INCLUDING DRESSINGS)

April 2, 2014

Paul Greenberg: Death and joy in the spring

Dan Barry: Should South Carolina Jews be forced to maintain this chimney built by Germans serving the Nazis?

Mayra Bitsko: Save me! An alien took over my child's personality

Frank Clayton: Get happy: 20 scientifically proven happiness activities

Susan Scutti: It's Genetic! Obesity and the 'Carb Breakdown' Gene

Lecia Bushak: Why Hand Sanitizer May Actually Harm Your Health

Stacy Rapacon: Great Funds You Can Own for $500 or Less

Cameron Huddleston: 7 Ways to Save on Home Decor

The Kosher Gourmet by Steve Petusevsky Exploring ingredients as edible-stuffed containers (TWO RECIPES + TIPS & TECHINQUES)

Jewish World Review Sept. 24, 2013/ 20 Tishrei, 5774

Printing money can't buy us love...or real growth

By Laura Ingraham



JewishWorldReview.com | Ben Bernanke's announcement that the Fed was continuing its practice of quantitative easing was at least initially met with raves on Wall Street. The Dow jumped and some folks who look myopically at the S&P Index were thrilled. Take my occasional radio guest AEI's Jim Pethokoukis, who hailed the Fed's decision as the only sane thing to do.

But the stock market's immediate approval hardly proves Bernanke's brilliance. In fact, it is probably just an admission of a sad reality: our Federal Reserve is out of ideas.

Morevoer, I find the Pethokoukis view very difficult to understand. Consider that just a few months ago, he was arguing that we have a potential labor shortage and that we need more low-wage immigrant workers.

Now he's writing that the U.S. economy no longer generates good jobs, and that structural unemployment is likely to continue.

I guess if you think the U.S. economy is no longer capable of generating good jobs, then it makes sense for the Fed to just keep printing money and at least cause the stock market to go up. But, if that's the case, then why would we need more immigrants?



My personal belief is that a lot of folks on the right put all their eggs in the globalization basket, and it turns out that globalization is just a huge disaster for the American middle class. But rather than admit that globalization was a mistake, and look for ways to restore U.S. manufacturing and other high-wage jobs, they have decided to support letting the Fed print lots of money. In other words, they would rather have the Fed intervene in the market, than have Congress interfere with globalization. Personally, I would trust Congress (which can be fired by the voters) more than the Fed (which cannot). That's the populist in me. But whatever we think of these issues, we should all be clear on one thing: there are big changes coming for conservative economic thinking. The old belief that the U.S. would flourish in a globalized world is gone, and conservatives don't agree on what we should now believe instead.

The longer the economy keeps not working, the more likely it is that we are headed for a big shift away from our current policies. In the 1930s, we had a big shift to the left, and that lasted for 50 years. In the 1980s, we had a big shift to the right, and that lasted until at least 2008. The next big shift, if the voters think it works, will probably dominate American politics for the rest of our lives. So conservatives should spend less time worrying about making arguments, and more time trying to figure out what actually happened to the economy. Until they know that — and can explain it, clearly and persuasively to Americans — they will continue to have major political problems.

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